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ECOWAS: Economic Communuties of  West African States

Creation: May 28, 1975 by the Traity of Lagos (Nigeria).

 

 Members States

 

  • Bénin

  • Burkina Faso

  • Cameroun

  • Centrafrique

  • Comores

  • Congo

  • Côte d'Ivoire

  • Gabon

  • Guinée

  • Guinée Bissau

  • Guinée Equatoriale

  • Mali

  • Niger

  • Rép.Dém. Congo (cours)

  • Sénégal

  • Tchad

  • Togo

 

  Objectives 

 

  • Legal and judicial harmonization in the area of business law, 

  • Guarantee legal certainty within the member countries

  • Encouragement of investments. 

 

  institutions 

 

  • Council of Ministers 

  • Towns Court of Justice and Arbitration (CCJA) 

  • Permanent Secretariat and the Higher School of Magistracy (ERSUMA) 

 

  Achievements 

 

  Eight (8) Uniform Acts adopted and entered into force since    the creation of OHADA. 

 

  1. General Commercial Law, 

  2. Law of Commercial Companies and Economic Interest Grouping 

  3. Organisation of Collateral 

  4. Simplified Recovery Procedures and Execution Routes Organization

  5. Organization of Collective Auditing Liabilities Procedures

  6. Arbitration Law 

  7. Rights of Accountant 

  8. Contract on Carriage of Goods by Road

 

Site web: http://www.ohada.com

 

 

OHADA : Organisation for the Harmonization of Business Law in Africa

Creation: October 17, 1993 by the Traity of Port Louis (Île Maurice)

 

Members States

 

  • Bénin

  • Burkina Faso

  • Cap-Vert

  • Côte d'Ivoire

  • Gambie

  • Ghana

  • Guinée

  • Guinée Bissau

  • Libéria

  • Mali

  • Niger

  • Nigéria

  • Sénégal

  • Sierra Léone

  • Togo

 

Objectives:

 

" The major objectives remain the constitution of a vaste West African commun market commu, and the creation of a Monettary Union".

 

Promoting ecnomic integration in all fileds of economic activities:

 

  • Industry,

  • Transports,

  • Telecommunications,

  • Energy,

  • Agriculture,

  • Natural Ressources,

  • Commerce,

  • Currencies & Finances,

  • Societies & Cultures ...

 

Institutions

 

  • Chiefs of States and Governrnents Conférence 

  • Council of Ministers, ,

  • Parliament of the Communauty

  • Economic & Social Council

  • Court of Justice of the Communauty

  • Commission

 

Specialised Institutions

 

  • Investment & Development Bank of ECOWAS,

  • Regional Investment Bank of ECOWAS

  • Regional Development Funds of ECOWAS,

  • West African Wealth Organisation

 

Realisations

 

  • Adoption of the Protocol on the free movement of persons, signed in 1978, evidenced by the abolition of visas for nationals of the community,

  • Establishment of an ECOWAS Passport,

  • Creating an ECOWAS traveler's check launched in July 1999 to facilitate trade transactions and payment,

  • Progressive raising of tariffs on some products to promote intra-Community trade

 

The ongoing construction of a pipeline between Nigeria and Ghana, through Togo and Benin.

 

Establishment of a Common Agricultural Policy (ECOWAP) adopted January 19, 2005 with three axes:

 

        1. Improving the productivity and competitiveness of agriculture

        2. Implementation of intra-Community trade regime

        3. Harmonization of external trade regime (protection and harmonization of trading positions)

 

ECOWAS has a flag and an anthem community, to be adopted gradually by the Members States.

 

The Federated States of West Africa FEDEAO coming forth!

 

 

Site web: http://www.ecowas.int 

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